The signing of the agreement with a bank is preceded by the accreditation process. And this is the most difficult stage in the contractual relationship: banks are very serious about checking the documents of their partners. The partner company must provide all documents on its activities, certificates and permits from the relevant authorities and to comply with the BSP requirements, have a modern technological base.

«M.B.A. Consulting Philippines meets all banks’ requirements to work with NPLs. In addition, we use the latest technologies and constantly improve them, which gives us an undeniable advantage. Negotiations with the banks have been going on for a long time. Finally, we are at the finish line: the first contracts have been signed, which will allow us to receive portfolios on a regular basis,» — said Mr. Vodenko. «In the long term, we are going to cooperate with all the largest retail banks of the country. Presently, we work not only under the agency-based services but have already begun to actively invest in the purchasing of NPL-portfolios in the Philippines.»

M.B.A. Consulting Philippines was established in the end of 2017. During the year, the company has achieved significant results: its clients are the largest representatives of the Philippines financial industry; it actively cooperates with banks — in April-May, were signed service agreements with the banks from Top-10, expects accreditation from 10 major players in the banking sector. More than 1 million unique debtors at work.

MBA Consult is a global player in the NPL-management market and a leader of credit management service, cooperates with more than 500 corporate clients worldwide. Recent years, the Group has been active in the Asian region. Entering the Philippines market in 2017 was triggered by the fact that the country is one of the most dynamic economies in the East Asia and Pacific region. Demand for loans is growing: according to the Banko Sentral ng Pilipinas, the number of loans reached its maximum in December 2018 and amounted to PHP 1,662.847 bln (31,565 bln dollars of USA). Meanwhile, experts note the constant growth of the NPL: in the end of 2018, the Banko Sentral ng Pilipinas recorded NPL of PHP 161,779 bln (3,071 bln dollars of USA).

«The growth of the NPL is always a risk for both financial institutions and the country’s economy. We are extensively experienced in the markets of Europe, Asia and the CIS, we know exactly how to influence the situation and help in solving such complex issues. Thanks to our technologies and correct approaches to work, we restore the balance of interests of all participants of the financial system, thereby making a significant contribution to the development and proper functioning of the global financial system.»